REUTERS: China's Alibaba Group Holding Ltd reported a better-than-expected quarterly revenue on Thursday, as its core e-commerce and cloud computing businesses posted steady growth.
Revenue rose to 161.46 billion yuan (US$23.12 billion) in the third quarter ended Dec. 31 from 117.28 billion yuan, a year earlier.
Analysts had expected revenue of 159.28 billion yuan, according to IBES data from Refinitiv.
(US$1 = 6.9829 Chinese yuan renminbi)
(Reporting by Akanksha Rana in Bengaluru and Josh Horwitz in Shanghai; Editing by Sriraj Kalluvila)